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Defence output hits Rs 1.27 lakh cr in FY24; exports cross Rs 21,000 cr
The Business Guardian
|March 26, 2025
India's defence production has reached a record Rs 1.27 lakh crore in FY 2023-24, the Ministry of Defence said in a release on Tuesday.
According to the ministry, the defence exports hit a record Rs 21,083 crore in FY 2023-24, expanding 30 times in a decade, with exports to 100+ countries.
As per the ministry, initiatives such as Make in India, which has enabled the development of advanced military platforms including the Dhanush Artillery Gun System, Advanced Towed Artillery Gun System (ATAGS), Main Battle Tank (MBT) Arjun, Light Specialist Vehicles, High Mobility Vehicles, Light Combat Aircraft (LCA) Tejas have bolstered the growth in the defence production.
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